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Insolvency And Bankruptcy Code Ibc
India  /  Published 29.07.20

Rahul query to Modi on major bank defaulters

The Congress also accused the Modi government of allowing Chinese company Dongfang, which has direct links with the Chinese government and the army, to work on a sensitive project in Jammu and Kashmir...
By Our Special Correspondent in New Delhi

Business  /  Published 14.06.20

S&P wants agri reform

Rating agency S&P will give credence to reforms in the agriculture and labour markets as well as easing of bad loan stress in the banking sector while deciding the future rating action on India, a...
By PTI in New Delhi

Business  /  Published 03.06.20

Covid-19 defaults spared

The Cabinet on Wednesday cleared an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for defaults because of the Covid-19 pandemic...
By TT Bureau in New Delhi

Business  /  Published 17.05.20

One-year insolvency breather

In a bid to give relief to companies defaulting on loans because of the Covid-19 stress, finance minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the...
By TT Bureau in New Delhi

Business  /  Published 24.03.20

Insolvency threshold raised

The Centre has raised the threshold for invoking insolvency under the Insolvency and Bankruptcy Act, 2017 to Rs 1 crore from the present level of Rs 1 lakh and held out hope that entities facing a fin...
By Our Special Correspondent in Calcutta

Business  /  Published 22.03.20

Insolvency law lessons

The “evolving” insolvency law is a kind of “Swachhata drive” to clean up non-performing assets as well as put companies in the hands of capable and credible people, according to IBBI chief M. ...
By PTI in New Delhi

Business  /  Published 25.02.20

Ess Dee Aluminium in bankruptcy court

Ess Dee Aluminium Ltd, which had dreamt of reviving three Bengal-based sick units of India Foils a decade ago, has fallen prey to insolvency itself.The National Company Law Tribunal’s Calcutta bench...
By in Calcutta

Business  /  Published 19.02.20

McLeod Russel fails to repay loan

Embattled bulk tea producer McLeod Russel has disclosed that it has defaulted in servicing loans worth Rs 1,187.09 crore at the end of the third quarter.In a communication to the stock exchanges, the ...
By in Calcutta

Business  /  Published 18.02.20

Liberty House Group takes over Adhunik Metaliks

India-born British businessman Sanjiv Gupta’s Liberty House Group Plc has completed the acquisition of Adhunik Metaliks Ltd and its subsidiary Zion Steel by paying Rs 425 crore to the lenders under ...
By Our Special Correspondent in Calcutta

Business  /  Published 18.01.20

Govt to rethink Unitech plan

The Centre has told the Supreme Court that it is ready to revisit its 2017 proposal to take over the management control of embattled realty firm Unitech and complete its stalled projects to bring reli...
By PTI in New Delhi


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